-
The Financial Industry Regulatory Authority ordered UBS to pay $750,000 in damages to two Puerto Rico bondholders.
September 13 -
The House Financial Services Committee on Tuesday passed a bill by a vote of 30 to 26 that would divert the funding the Municipal Securities Rulemaking Board gets from enforcement actions, remove the independence of the Securities and Exchange Commission's Office of Municipal Securities, and allow certain banks to be exempt from liquidity coverage ratio requirements.
September 13 -
California Gov. Jerry Brown signed legislation requiring more bond disclosure from California issuers.
September 13 -
The orders provide some insight into what the Securities and Exchange Commission considers to be a material false or misleading statement in an offering document.
September 12 -
The Securities and Exchange Commission should consider obtaining registration and disclosure authority over corporate conduit borrowers in the municipal market, said SEC Commissioner Michael Piwowar.
September 9 -
The Securities and Exchange Commission on Friday announced that a subsidiary of BOK Financial Corp. that served as indenture trustee and dissemination agent for municipal conduit bonds previously tied to securities fraud has agreed to pay more than $1.6 million to settle charges that it helped to conceal numerous problems and red flags from investors in the securities.
September 9 -
The Government Finance Officers Association sent an alert to its members on Thursday about the importance of timely disclosures in the wake of issuer settlements with the Securities and Exchange Commission under its voluntary continuing disclosure enforcement initiative.
September 8 -
The Ramapo Local Development Corp. and three individuals facing Securities and Exchange Commission securities fraud charges are asking a federal judge to dismiss the SEC's complaint, claiming, among other things, that no one was hurt.
September 6 -
In an historic action, the Municipal Securities Rulemaking Board has filed a markup disclosure proposal with the Securities and Exchange Commission that it said will likely lower transaction costs for retail investors, enable them to better understand dealers' pricing practices, and improve investor confidence in the municipal market.
September 2 -
The Securities and Exchange Commission is asking a federal judge to allow it to submit an amended complaint that includes much more detailed charges against banker Peter Cannava in connection with an ill-fated private placement for startup video game company 38 Studios.
September 1